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Why Education Matters For Economic Development

por Aleida Belgrave (2019-09-23)


Education is the only power which leads you to gain many opportunities and success.

"I don't mind if I have to sit on the floor at school. All I want is education. And I'm not afraid of no one"- Malala Yousafzai

Malala Yousafzai, an 18-year-old girl Pakistani Activist for Female Education and Welfare. She is the youngest lady to win the Nobel Prize Laureate. She is famous for the human rights advocacy for education.

In 2013, 2014 and 2015 the Time Magazine featured Yousafzai as one of the "the 100 Most Influential People in the World."

She was the first youngest lady of Pakistan who won first National Youth Peace Prize. And in July 2013, the very first time when she spoke at the headquarters of the United Nations to spread the work of education worldwide.

Education helps us in every single aspect of life, it helps us to understand the different things of the world and makes us stand among the crowd. Education matters a lot for the economic development; it also correlates with the health, civic engagement, and long-term financial stability.

Education is the core which increases the wage growth. It is also an important issue for the human dignity.

Today is the time where children are many, but the schools are less to educate them. Some students are still not able to understand the things even after completing their high-school.

Let's find out the five top roles of education which matters a lot in the economic development.

Education-the best investment:

Now, as in the twenty-first century, where education is considered as a significant investment, where the growth of the economy depends on the knowledgeable, skilled, educated workforce people. But, still there are many places where getting the education is not possible in every child dreams. In 2015, there was an education crisis. And the worst condition is when the 4th-grade student was not even able to read or write well. Most of the children won't be able to see the faces of school because they might be living in conflict-affected countries, or because of their low-income families.

As the technology changes every day, the education system should also evolve.

If we get to know the importance of knowledge and learning at the beginning of time, then definitely it will prove as a lifetime investment.

Education pays:

The level of degree matters- the more you learn, the more you earn.

It is believed that the students who are going to college make more than those who do not. Well, 온라인카지노 it's not true in all the cases. And the big examples are in front of you. Yeah! It is true that the education helps you in achieving success and earning more power.

Demands for the skills are changing in market:

As the technology is evolving rapidly, the need for higher skills is more in demanding. Sometimes, a race would be seen between the technology and the education competencies. Most of the countries are still in developing state because of the lack of proper knowledge skills. The poor performance of the people is stopping them from moving further. A high competition between the technology and the education increases the demand for individuals to indulge new skills and proper learning technique in schools. School management software is the latest advancement of technology that benefits education sector hugely. The influence of this software is quite observable in today's education system.

Education makes the countries compete and succeed:

If you want to make a developed state that invests today in the education, which improves the knowledge of labour's market. Then start paying more attention toward the teachers, culture, and on early childhood development .

There are few relevant skills in which you must invest-

Communication skills

Problem-solving skills

Learning skills

Social Skills

Personal skills for self-management.

All countries need to invest in these skills smartly and intelligently by following 3 A's rule: Autonomy, Accountability, and Assessment.

You have to check the results too:

Countries, you are adopting new and relevant skills for education, but are you checking the results too?

Increasing and evolving the school system won't give you any profit until you are not seeing its effects on your country people.

People strive for excellence, expand the opportunities and improve the education quality which based on efficiency and equity. After all, the growth of your country is in hands of the generation young people. In short, if they grow the economy of your country will also grow.

It's true that education is the powerful instrument which can be used to reduce the poverty and inequality of the country, and it leads to increase the development growth of the economy.

Aashish the owner of Studybase- school management platform is a successful entrepreneur whose main objective is to encourage the technical integration into education world.